Pakistan and world business news from seven outlets, one story per event. Updated just now.
MUMBAI: Indian government bonds snapped a four-session falling streak on Tuesday, after the yield rising to a three-year high attracted investors back to the market.
Sri Lankan shares closed lower on Tuesday, dragged down by communications and financial stocks. The CSE All-Share index settled 0.9% lower at 20,077.48 points.
MUMBAI: The flagship firm of India’s Adani group, Adani Enterprises, plans to raise around 20 billion rupees ($210 million) through the sale of short-duration bonds, two merchant bankers directly…
MUMBAI: Borrowing costs for the most liquid part of India’s state government bond curve breached the 8% handle for the first time in over six years on Tuesday, according to traders, tracking a sharp…
SE Fruits and Vegetable Limited will withdraw its existing initial public offering (IPO) application and submit a fresh one with additional disclosures about the transition of its underlying…
Copper prices rose for a third straight session on Tuesday as persistent concerns over a supply shortage kept the metal within striking distance of an all-time peak.
KUALA LUMPUR: Malaysian palm oil futures reversed earlier losses to hit a more than two-week high on Tuesday, as concerns over tighter supplies next year — due to El Niño and growing biodiesel…
BENGALURU: India’s ICICI Life Insurance reported new business margins below expectations on Tuesday, sending shares sliding 3%, while second-quarter profit jumped 25% year-on-year.
Indian benchmark shares rose on Tuesday, led by the IT index’s biggest one-day gain in more than 17 months after estimate-beating results from HCLTech and as the central bank’s support for the rupee…
MUMBAI: The Indian rupee outperformed its regional peers on Tuesday, boosted by new central bank measures to alleviate pressure on the Asian currency and likely spot market intervention that…
MUMBAI: India has postponed the rollout of a fee on large payments via its popular Unified Payments Interface platform until after the Diwali festival, the National Payments Corporation of India…
European shares rose to a one-week high on Tuesday as lower oil prices and falling bond yields lifted appetite, although disappointing results from luxury bellwether LVMH pressured the sector.
Engro Powergen Qadirpur Limited (EPQL), a subsidiary of Engro Energy Limited, on Tuesday has appointed Khurram Abdullah as chief executive officer with effect from October 15, replacing Athar Abrar…
SHANGHAI/HONG KONG: The Hong Kong dollar edged towards the weak side of its trading band at 7.85 per US dollar on Tuesday, a level that could prompt the Hong Kong Monetary Authority (HKMA) to step…
An explosion was heard in Ukraine’s capital of Kyiv in the early hours of Tuesday, a Reuters witness said. Russia hit at least six energy targets during airstrikes across Ukraine on Monday.
TOKYO: Japanese government bond (JGB) yields moved in opposite directions on Tuesday, with shorter-term yields edging higher while the long end declined as investors weighed persistent inflation…
SEOUL: South Korea’s benchmark KOSPI index plunged over 6% on Tuesday, triggering a temporary trading curb, after US memory-chip maker Micron Technology fell overnight on reports of rapid tech…
BANGKOK: The International Monetary Fund’s upward revision to its forecast for British economic growth this year adds to signs that Bank of England interest rates are not very restrictive, BoE…
MANILA: Following are results of the Philippine Bureau of the Treasury’s auction of T-bonds on Tuesday: Partially awards 25.38 billion pesos ($404.33 million), below 35 billion pesos offer, of…
TOKYO: Japan’s Nikkei slid on Tuesday as a selloff in AI-related stocks gathered pace after weakness in US chip shares, while geopolitical tensions further dampened risk sentiment.
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